A great deal of American kids are reluctant to go back to school, but the start of a new school year may bring a new check. In fact, it is a significant benefit for many citizens living in New York, the Empire State.
For your information, the School Tax Relief (STAR) program grants property tax relief to eligible New York State homeowners. This initiative is designed to provide financial relief, making it easier for residents to manage their school tax payments.
What are these checks in New York for?
Apparently, STAR credit checks will soon be delivered once again to residents across New York State. This means eligible homeowners can look forward to some financial respite.
“If you are registered for the STAR credit, the Tax Department will issue your STAR benefit via check or direct deposit. You can use your STAR benefit to pay your school taxes. You can receive the STAR credit if you own your home, it is your primary residence, and the combined income of the owners and the owners’ spouses is $500,000 or less,” states the New York State Department of Taxation and Finance.
Take advantage of this beneficial program and ease the burden of school taxes. Make sure you’re registered and eligible to enjoy the financial relief that the STAR program offers.
The STAR program provides a valuable opportunity for eligible homeowners to receive relief on their school property taxes. Calculated annually based on assessed property value and taxpayer income, STAR is a crucial support mechanism for many.
Types of STAR Exemptions
There are two types of STAR exemptions:
- Basic STAR
- Enhanced STAR
Enhanced STAR Income Limits
For those seeking the Enhanced STAR exemption, the income limits are updated each year. In 2024, the Enhanced STAR income limit is set at $98,700. By 2025, this limit will increase to $107,300.
Delivery of STAR Benefits
STAR benefit checks are typically delivered from August to December, with the majority of beneficiaries receiving their relief in September. So, you may receive it this month if you did it on time and you qualify.
Eligibility and Distribution
In 2022, approximately 2.26 million New Yorkers qualified for Basic STAR, while around 670,000 received Enhanced STAR benefits. The amount of relief you receive varies by school district and depends on whether you qualify for Basic or Enhanced STAR.
Last year, residents in different parts of New York State saw varying amounts of financial benefits. For instance, people in the Albany area received an average of $1,885, whereas some Long Island residents received as much as $2,695.
STAR Credit and Exemption Savings by County
In more positive news, New Yorkers are receiving tax rebate checks, thanks to the STAR (School Tax Relief) program. This initiative has provided significant savings for homeowners across the state.
How Much Could Your Check Be if Eligible?
To determine your potential savings, simply click on your county once you visit the link below and then scroll to your specific municipality and school district:
https://www.tax.ny.gov/pit/property/star/comparison/
- Albany County
- Allegany County
- Broome County
- Cattaraugus County
- Cayuga County
- Chautauqua County
- Chemung County
- Chenango County
- Clinton County
- Columbia County
- Cortland County
- Delaware County
- Dutchess County
- Erie County
- Essex County
- Franklin County
- Fulton County
- Genesee County
- Greene County
- Hamilton County
- Herkimer County
- Jefferson County
- Lewis County
- Livingston County
- Madison County
- Monroe County
- Montgomery County
- Nassau County
- New York City
- Niagara County
- Oneida County
- Onondaga County
- Ontario County
- Orange County
- Orleans County
- Oswego County
- Otsego County
- Putnam County
- Rensselaer County
- Rockland County
- St. Lawrence County
- Saratoga County
- Schenectady County
- Schoharie County
- Schuyler County
- Seneca County
- Steuben County
- Suffolk County
- Sullivan County
- Tioga County
- Tompkins County
- Ulster County
- Warren County
- Washington County
- Wayne County
- Westchester County
- Wyoming County
- Yates County
Don’t miss out on potential savings! Visit this website: https://www.tax.ny.gov/forms/orpts/star.htm to fill out the STAR exemption forms and see how much you can save on your property taxes.